The future of cannabis agriculture: a pot factory in Oakland, California
Source: Vancouver Observer
Copyright: Can Do Media Inc
Contact: [email protected]
Published: October 5, 2010
Californians are voting in a few weeks whether to legalize and regulate marijuana, with prediction markets giving the measure about a 60% chance of passing. The Atlantic has posted a video and written a story about a 60,000 sq. ft. facility under construction in Oakland that will produce $50m of medical marijuana per year. The timing would seem obvious; if Californians vote to legalize pot, these factories would quickly ramp up to meet the demand, quickly replacing the ways that the drug is illegally produced currently.
What does this mean for British Columbians?
BC's illegal pot industry is estimated to be worth as much as $6 billion every year. With "big agriculture" producing pot in a legal environment in the US, can BC's industry survive? With pot agrictulture equal to about 3% of BC's gross domestic production, is BC's economy headed for a pot induced recession?